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Feb 14, 2013
02/13
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ones are repayments, repayments scheduled, the election in germany and we all know, i believe that angela merkel will be re-elected, but those are the sort of big things that i'm looking at to see how the markets will react. >> let me switch gears to ask you your take on the banking sector. i know you're on the board of barclays so i'm not asking to give away any secrets here, but there's a real movement across the world to split up some of these banks. how do you think this is going to go? are you expecting a global standard when it comes to the financial services sector? what's your take on how the major banks change the course of business in the coming years? >> well, maria, i'm sure you're aware that, obviously, i have restrictions about what i can say, but i think that the story in general since 2009 has been one of global standards. i know christ ianella guard has spoken about this going back to the g-20. a lot of discussion about coming together. there's a lot of conversations going on in the background that are aiming to have some convergence around these issues. remember, these e
ones are repayments, repayments scheduled, the election in germany and we all know, i believe that angela merkel will be re-elected, but those are the sort of big things that i'm looking at to see how the markets will react. >> let me switch gears to ask you your take on the banking sector. i know you're on the board of barclays so i'm not asking to give away any secrets here, but there's a real movement across the world to split up some of these banks. how do you think this is going to...
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Feb 4, 2013
02/13
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but that's nothing angela merkel can influence. i'm sure it's going to be a topic of discussion saying, look, is this going to be a government crisis? can you avert this? that is nothing we will hear about. the official communique will sound similar to what we heard out of paris, out of the monte meeting. don't expect a result on this budget summit yet on the table and on we go to the next rendezvous in terms of the budgets. we've got another eu summit in march, which is not -- which is not ear marked, of course, as a budget meeting, but i daresay we will trickle along nicely or unnicely until finally they reach an agreement on the next budget. in terms of the eurozone debt crisis, of course, that's the other point of discussion. at the moment, there's a little bit of cautious shoulder padd g padding, but it will be a bit more cautious because of the aforementioned festering crisis in spain. obviously, what we've seen at the moment is we live on the principal hope that the eurozone might grow itself or stabilize itself out of the c
but that's nothing angela merkel can influence. i'm sure it's going to be a topic of discussion saying, look, is this going to be a government crisis? can you avert this? that is nothing we will hear about. the official communique will sound similar to what we heard out of paris, out of the monte meeting. don't expect a result on this budget summit yet on the table and on we go to the next rendezvous in terms of the budgets. we've got another eu summit in march, which is not -- which is not ear...
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Feb 1, 2013
02/13
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he met angela merkel today. he now heads to a major security conference by chance in munich with dozens of heads of state and 70 defense and foreign ministers. that will be key. the situation in turkey as it is with iran, may upgrade nuclear facilities and he'll also meet syrian opposition leaders. a lot going on in terms of defense and politics. let me mention one more to you. today it was announced gili is taking over that manufacturing base for just $17 million. carl, it's what they call the third wave of globalization where former emerging or developing economies -- india and china -- now come back into the main stream, into western europe or america and buy those branded assets. in particular of course land rover bought by the indians. back to you. >> all i know is great leg room. you got a lot of leg room in those. >> more expensive i'm afraid. >> good weekend, simon. >> you too. >> let's check on energy and commodities. sharon epperson has a lot of news today. >> there is a lot of news. there's a lot of c
he met angela merkel today. he now heads to a major security conference by chance in munich with dozens of heads of state and 70 defense and foreign ministers. that will be key. the situation in turkey as it is with iran, may upgrade nuclear facilities and he'll also meet syrian opposition leaders. a lot going on in terms of defense and politics. let me mention one more to you. today it was announced gili is taking over that manufacturing base for just $17 million. carl, it's what they call the...
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Feb 28, 2013
02/13
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meeting was no longer possible and what's interesting is napolitano is supposed to be meeting with angela merkel for lunch today, i believe. >> no clowning around at that lunch. >> well done. i wish i were a fly on the wall for that one. >> it does make things extremely awkward ahead of that meeting. >> there's nothing quite like, you know, all the stereotypes that people talk about. there's nothing quite like when somebody comes out and proves stereo typical -- >> confirms that sense, contactually. >> mario draghi indicated his intention to keep the euro going, saying we are far from having an exit in mind. >> at this point in time, economic policy remains cognitive because we are far from being in a situation where we can actually start having an exit in mind. we see that inflationary expectations are very well anchored. if anything, inflation is going down. and we foresee for next year a significantly an inflation which is significantly lower than 2%. >> if we're going to see inflation significantly below 2%, it's being suggested there's room for them to do more, isn't he? >> possibly.
meeting was no longer possible and what's interesting is napolitano is supposed to be meeting with angela merkel for lunch today, i believe. >> no clowning around at that lunch. >> well done. i wish i were a fly on the wall for that one. >> it does make things extremely awkward ahead of that meeting. >> there's nothing quite like, you know, all the stereotypes that people talk about. there's nothing quite like when somebody comes out and proves stereo typical -- >>...
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Feb 7, 2013
02/13
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in the right direction, but with regard to the decision today, i think if you've been listening to angela merkel to david cameron himself and francois hollande this week, the indication is that perhaps we shouldn't be as optimistic as jean-claude juncker would have us believe, but someone has to fly the flag for europe and we like our posturing in europe. overall, what rewe looking at? germany, the uk, the nordic european countries are fighting for cuts, real term cuts in this whereas italy and france would rather have it held steady. even within that, the battle lines aren't clear. the uk and sweden in particular, trying to protect their all important rebates. we've got italy saying that their contribution overall is too great and, of course, as i just mentioned, france very concerned about the agricultural spending that contributes around 40% of the entire eu budget. so as usual, we get a of comments and a lot of the european leaders come to this working out, just how they can negotiate and is walk away, flying their individual flag and saying, hey, i came out with what i asked. but, yo
in the right direction, but with regard to the decision today, i think if you've been listening to angela merkel to david cameron himself and francois hollande this week, the indication is that perhaps we shouldn't be as optimistic as jean-claude juncker would have us believe, but someone has to fly the flag for europe and we like our posturing in europe. overall, what rewe looking at? germany, the uk, the nordic european countries are fighting for cuts, real term cuts in this whereas italy and...
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Feb 4, 2013
02/13
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. >> angela lansberry's "murder she wrote." lisp, if the outcome was different, the conversation would have been much different today. but the game basically looked like a route. joe flacco had three first half touchdowns. they were up, 28-6 after the kickoff return to begin the second half. and then the lights went out. now, i just -- i don't know if we have the element or not. we have a full screen of what entergy, we'll take a look at some of the highlights first. i'm not sure. we're a little late on that. but the lights go out. the way the company is explaining it is that the power was going into the superdome, and this is a statement here. a piece of equipment that is designed to monitor electrical load, okay, sensed an abnormality and the circuit breaker kicked in and that's what happened. it took 34 minutes to get the game back up and running and then, when it did, it was a different game. >> yeah. >> this is really -- i mean, i know the statements there -- do you have any idea, like, whose fault it was at this point? >>
. >> angela lansberry's "murder she wrote." lisp, if the outcome was different, the conversation would have been much different today. but the game basically looked like a route. joe flacco had three first half touchdowns. they were up, 28-6 after the kickoff return to begin the second half. and then the lights went out. now, i just -- i don't know if we have the element or not. we have a full screen of what entergy, we'll take a look at some of the highlights first. i'm not...
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Feb 20, 2013
02/13
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as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring shares this morning. >>> the rally continuing with the dow and s&p having their best day in two weeks. nasdaq closing at 12-year highs. dow less than 130 points from closing at an all-time high. guys, a lot of discussion about how it's a nominal high. but getting back to 14164 would be news. in some form or fashion, jim. >> i think that there is a level of, dare i say, excitement. in other words, we're seeing lev
as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal...
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Feb 28, 2013
02/13
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as a result, the italian president canceled his meeting last flight and is now meeting today with angela merkel. this is one election reverb rating and causing problems for policymakers. >>> more broadly, take a look at the italian markets. it is the red spot. down 0.4%. this has been key to trade both with the euro and generally with u.s. features futures this morning. so down about 0.4%. it was down about 0.6%. at those levels, you started to see u.s. futures turn negative. it looks like we're going to be able to hold up here. german unemployment data only that and can cpi data, the main releases this morning. german unemployment adjusted at 6.9% held steady in january. the cpi fell on the month but was up 2% year on year. it's spurring talks about a rate cut. quick look at the bond space next, this is where where he watch for policy cues. we're seeing a rally. we're seeing yields slightly lower. no real signs of concern emanating from here this morning. turn quickly to forex and the euro/dollar which was trying to continue to hold its ree bound, that's not the euro/dollar. we are at 1
as a result, the italian president canceled his meeting last flight and is now meeting today with angela merkel. this is one election reverb rating and causing problems for policymakers. >>> more broadly, take a look at the italian markets. it is the red spot. down 0.4%. this has been key to trade both with the euro and generally with u.s. features futures this morning. so down about 0.4%. it was down about 0.6%. at those levels, you started to see u.s. futures turn negative. it looks...
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Feb 11, 2013
02/13
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the prime minister here in italy said he was shaken by the news, while the chancellor angela merkel said she respects his decision. and david cameron sending his wishes. it comes in a meeting this morning, he announced this decision to leave the papacy at the 28th of february at 8:00 at night. it was a decision made without consulting anyone. there was a lot of surprise. and also, the spokesman, when he made a speech -- or when he had a press conference just a few hours later, he said, you know, we need some time, we need some days to try to better understand how to move forward. just to better understand what's going to happen afterwards, is that there will be a conclave of 118 cardinals that will be electing the new pope. so clearly what happens between now and then, really, is that the pope will continue doing what he has done so far. his decision was unexpected. and the way he announced it was very, very simple. he said he doesn't feel he has the strength, mental and physical and spiritual, to move forward in this position. he needs the physical strength that he does not have. he has
the prime minister here in italy said he was shaken by the news, while the chancellor angela merkel said she respects his decision. and david cameron sending his wishes. it comes in a meeting this morning, he announced this decision to leave the papacy at the 28th of february at 8:00 at night. it was a decision made without consulting anyone. there was a lot of surprise. and also, the spokesman, when he made a speech -- or when he had a press conference just a few hours later, he said, you...